SINGAPORE – Media OutReach – 14 September 2020 – Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announced its collaboration with Doerscircle, an all-in-one platform to source and market insurance solutions to entrepreneurs and independent workers. Aon and Doerscircle aim to re-design and provide new insurance solutions for the large, and often underserved, workforce of entrepreneurs, startuppers and freelancers initially in Asia.
Shift in the future of work
Small and medium enterprises (SMEs) account for two-thirds of all employment and contribute close to $200 billion to the Singaporean economy, and start-ups and home-grown entrepreneurs continue to drive innovation and growth. Through the strategic collaboration, Aon and Doerscircle will develop and source commercial, risk, and health insurance solutions that address the needs of smaller enterprises and independent workers, enabling them to focus on growing their business instead of spending their time and energy on understanding and managing insurance issues.
Historically, processes involving insurance have been manual, expensive and, in some cases, unavailable for individual contributors. Aon’s collaboration with Doerscircle will allow entrepreneurs, startuppers and freelancers to manage their risks in a convenient and seamless way. Members of Doerscircle will have access to tailored insurance solutions through a streamlined online process on the Doerscircle platform. Over time, Doerscircle aims to extend these offerings to include more products and countries leveraging Aon’s broad network, risk management expertise, and global capabilities.
Addressing the needs of independent workers
Despite the World Bank’s recent findings that almost 50% of the global workforce is self-employed, access and affordability continue to be a challenge as traditional insurance plans are not usually designed to fit the needs of the self-employed.
“The current business and economic environment is changing the way people work,” said Tobias Schneider, head of Financial Institutions and SME, Affinity Asia at Aon. “We are excited to collaborate with Doerscircle to address the specific insurance needs of this key segment of independent workers.”
“Doerscircle aims to challenge the status quo and reshape the world for Independent Doers – entrepreneurs, startuppers and freelancers. We strongly believe that insurance solutions should be accessible, relevant, easy to understand and transparent. We’re thrilled that Aon has the same vision. We’re confident that together we will set new standards in insurance offerings for Independent Doers,” said Helle Priess, founder of Doerscircle.
Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.